Call for Applications: Kickstarters Program (India)

Benefits

• Support/Work orders for key interventions worth up to Rs 8.2 lakhs (or Rs 10 lakhs inclusive of GST)
• Mentoring and institutional support of Venture Center
• Linkages/connects/referrals; Identify partners/service providers
• Advisory services from VC’s specialised resource centres including advise on agreements, strategy, roadmaps etc

Expected Outcomes

• Desired outcomes from Projects/KI:
  • Submit a KI Project Outline with clear Work Components
  • Submit a KI Project Completion Report.
  • Periodic reporting of progress made by PLs in commercialization journey in 12 months following the KI Project period.

About KI Projects 

• Each project will have two Project Leaders. One from Venture Center and another from the Startup.
• Each project will have Work Components. The Work Components will be structured as a services project with a Work Order/ Service Contract being issued to an Execution Partner.
• The Execution Partner could be:
  • Service Provider/ Contractor/ Consultant,
  • the startup proposing the KI Project and/or
  • Venture Center.

Eligibility Criteria

• Applicant
  • Has to be a legally registered company suitably structured to be able to raise further funding/investments.
  • The company should not be a subsidiary or spin-off company of a larger entity.
  • The startup should have a strong R&D, technology development, technology derisking and commercialization activity component.
  • The Project Leader proposed by the Applicant should be technically competent to execute the project.
  • Applicants should not have any antecedents/background that can tarnish the reputation of Venture Center or BFI or this program
• Technology idea and startup story
  • The application should have submitted/disclosed adequate information about the technology to allow a fair assessment.
  • The applicant should be working on developing/advancing a science and technology based solution that promises to solve a real-world health related problem. The applicant needs to be working in the broad area of health related technologies including following industrial sectors: diagnostics, medical devices, digital health, therapeutics, preventives, rehabilitation.
  • The proposed technology has to be scientifically sound and technically feasible. There should not be any obvious  insurmountable barriers including regulations, IP, specialised facility needs, resource needs etc
• Project (this is the proposed  A→ B plan for the project/KI duration)
  • The activities proposed for the Project/KI period should be aimed at crossing over key challenges/barriers in development or advancement/translation or commercialization of the above technology closer to market.

Ineligibility Criteria

• Pure academic research with no relevance for impact via eventual deployment of a product/ service based on above mentioned technology will not be eligible.

For more information, visit BFI-BIOME and Venture Center.